Sparta, N.J.-based Brian Foley Associates president Brian Foley foresees a recovery of the business aviation industry in the middle of next year, but not before some unavoidable pain. Young companies and those that lack sufficient capital are likely to be “short-lived,” and shakeups are probable even at established businesses. He lists single-product OEMs as being particularly at risk. The good news is that he believes this activity decrease is only temporary until financial markets stabilize.
Analyst: Recovery Will Begin Next Year
- February 27, 2009, 4:58 AM